SAM has been great, but it does need significatly more proven resources to keep going. Mineral Resources by area at the San Martin mine property as of July 31, 2011: a total of about 1.31 million tonnes of Inferred Resources is estimated at an approximate grade of 27 g Ag/t and 2.37 g Au/t. That is not enough. Techinically, the mine is a silver one.
The then hedge actually grabed all the proven resources from SAM. So when the hedge is finished, that also means that the resources are dry. The management has been drilling in the past years. They should be rewared with some big findings.
Shellfish